840.51 Frozen Credits 17/10–2644: Airgram
The Ambassador in Nicaragua (Stewart) to the Secretary of State
[Received October 31—2 p.m.]
A–450. Reference Department’s airgram no. A–367 of October 13, 5:55 p.m., 1944. Manager of the National Bank of Nicaragua56 has been advised to request the United States holders of funds belonging to enemy nationals subject to Nicaragua’s Emergency Laws to file license applications to transmit such funds to the National Bank of Nicaragua. As this Bank will invest the funds in Nicaraguan defense bonds, the owners are opposed to the transfer, believing that the United States will release the cash to them after the war. The depositaries at best have no interest in procuring the license and making the remission, and at worst may fear the legal consequences if they do so contrary to the owners’ wishes. Consequently the Treasury’s suggestion seems unlikely to secure the results desired, and I request that its attention be directed to the helpless position of the National Bank of Nicaragua if the depositaries decline to file the license applications.
- Rafael Huezo.↩